AVI Terminates Planned Buyout Of eXegenics As Offer Expires

Another merger agreement has fallen apart for eXegenics Inc. For the second time in the past year, the Dallas-based company saw its plans dissolve about two months after initially reporting a decision to combine with another firm. The latest suitor to walk away, AVI BioPharma Inc., said an insufficient number of eXegenics shareholders agreed to the tender offer. (BioWorld Today)